Financings Of The Fortnight: VCs May Be Up Against Trend Of Eliminating The “Middle-Man”
This article was originally published in The Pink Sheet Daily
Plus news on recent financings by PharmAria, Inception 3, Longitude Capital, Kythera and Intercept.
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The vaccine developer tapped investors for a third round of financing as its lead programs begin clinical trials.
A history of strong returns from the firm, which backs both private and public health care companies, compelled existing investors to return for a new fund. Still, Longitude retained a placement agent to find new limited partners as an “insurance policy.”
The newly formed Inception 3 will work to bring small molecule candidates for hearing loss, based on technology licensed from Stanford University, to IND-filing stage, at which point Roche will have the option to buy out the program.